Detailed Analysis
Detailed analysis is the process to analyze and measure the past and present data to understand the behavior of business and its audience. It also analyzes the overall performance of graphical representation through graphs, pie charts and statistics.
Why Analytics is important?
With the help of analysis, one can found out what users are doing with the product, what they like and dislike, Analytics allows professionals to go in-depth to understand users or audience behavior through surveys or audience interviews regarding their needs, expectations from the product. Companies that follow these tactics are leads to ore profits as they know where they are lacking and how to connect with the audience so that they stay longer with them
How product analysis works?
There are two main features which are required to analyze any product i.e.
- Data Tracking: Tracking data captured all the actions, events and visits of the audience.
- Data Analyzing: Through data analyzing we can visualize the data through graphs, dashboards, and reports.
“Goals Of Product Analysis.”
01
Improve Product Retention
It helps in retaining the customers with the product so that the product stays in the market for a long time.
02
Segment the most profitable users
Helps to know about the paying visitors who are giving profits to the product
03
Understands users behavior
Help in understanding what and how users are visiting and using the website.
